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June 1, 2019
Solved

I received a year end gain/loss report from Charles Schwab for my Roth IRA. Where do I report this on my taxes?

  • June 1, 2019
  • 1 reply
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It's a small Roth IRA, with less than 10k. There's not much activity in the year end report. Do I even need to report it?
Best answer by RichardG

You only need to report contributions and withdrawals from the account.  Changes in account value do not get reported on your tax return.

1 reply

RichardGAnswer
Employee
June 1, 2019

You only need to report contributions and withdrawals from the account.  Changes in account value do not get reported on your tax return.

June 1, 2019
Thank you so much! I appreciate your time:)
January 22, 2021

Same thing just happened to me from Schwab. I was glad this answer was already in the data base!  Fast to solve!